Canopy Growth Corp. (WEED:TSX) Bank of America cuts target to $.85 from $1.00

Jefferies Boosted the Valuation of Canopy Growth

Analyst Rating Coverage

Bank of America (Rank#19) released a research report on Thursday June 15th and  updated its analysis and outlook on Canopy Growth (WEED:CA). The analyst lowered its target price for Canopy Growth, and cut the target to $.85 from $1.00, and maintained the “Sell” rating on the stock.

WEED:CA Ratings by Stock Target Advisor

WEED Stock Forecast & Analysis

According to the stock forecast compiled from the analysis of 13 analysts, the average target price for Canopy Growth Corp over the next 12 months is CAD 2.39. This indicates that, on average, analysts expect the stock to experience an increase from its current price level. However, the average analyst rating for Canopy Growth Corp is classified as Under-perform, suggesting a more cautious or negative outlook for the company’s future performance.

Stock Target Advisor’s analysis of Canopy Growth Corp’s stock and classified it as Bearish. This classification is based on evaluating 1 positive signal and 8 negative signals associated with the company. These signals may include factors such as financial performance, market conditions, and industry trends.

At the last closing, Canopy Growth Corp’s stock price stood at CAD 0.88. This price reflects the value at which the stock was last traded on the market.  Over the past week, Canopy Growth Corp’s stock price has experienced a decline of -10.20%. In the past month, the stock has seen a significant decrease of -38.03%. Looking at the stock’s performance over the last year, it has witnessed a substantial decline of -95.93%.

Top Trending Stocks

AVG Analyst Rating STA Analysis
StockTargetAdvisor
Buy
StockTargetAdvisor
Slightly Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Very Bullish
StockTargetAdvisor
Buy
StockTargetAdvisor
Neutral
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
N/A
StockTargetAdvisor
Neutral
StockTargetAdvisor
Buy
StockTargetAdvisor
Bearish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Neutral
Ad
Ad

Leave a Reply

Your email address will not be published. Required fields are marked *